5

8.—13

Statement of Management Expenses Account for the Year ended 31st March, 1917. Dit. £ s. d. | Ob. £ s. d. To Audit Office services .. .. .. 300 00! By Consent fees .. .. .. 26 0 0 Petty general expenses .. .. 169 10 Oj Production fees .. .. .. 687 0 4 Postages and telegrams .. .. 780 0 10 ! Release fees .. .. .. 311 1 7 Post Office services .. .. .. 579 6 4 I Transfer fee .. .. .. 0 2 6 Printing and stationery .. .. 314 1 11 Balance transferred to Profit and Loss Salaries .. .. .. .. 7,873 4 0 Account .. .. .. .. 10,275 12 1 Telephones .. .. .. .. 37 7 6 Travelling oxpenses .. .. .. 263 12 0 Valuation Department—agency work .. 500 0 0 War bonus .. .. .. .. 482 13 11 £11,299 16 6 £11,299 16 6 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 2nd July, 1917. Examined and found correct. —Robert J. Collins, Controller and Auditor-General.

ADVANCES TO WORKEBS BRANCH. Statement of Liabilities and Assets as at 31st March, 1917. 1 liabilities. Assets. £ s. d. £ c. d. Investment Account, less total repay- £ s. d. Sundry loans .. 2,496,704 18 11 ments .. .. .. .. 2,643,622 6 2 Temporary loans from Plus mortgago instalments overdue — Settlers Branch .. 250,000 0 0 principal.. .. .. .. 6,797 1 2 2,746,704 18 11 Interest payable on loans, accrued but Total principal owing by mortgagors not due .. .. .. .. 20,304 14 10 at 31st March, 1917 .. .. 2,650,419 7 4 Advances Suspense Aocount .. .. 7,320 0 0 Mortgage instalments overdue—interest 12,206 16 6 Fire Loss Suspense Account .. .. 880 0 0 Interest on mortgages, accrued but not Suspense Account .. .. .. 1,04110 0 due .. .. .. .. 30,689 2 1 Reserve Fund, being net profits trans- | Loan Charges Account .. .. 40,000 0 0 ferred .. .. .. .. 16,770 0 0 Insuranoe Premiums Aocount .. 200 2 5 Sinking Funds— £ s. d. Advances Office Sinking Fund Account .. 41,446 2 8 Publio Trustee .. 2,715 17 9 Public Debt Sinking Fund Branch .. 1,822 10 0 45,984 10 5 Cash in hand and in bank at 31st March, 1917 .. .. .. 13,471 5 0 £2,792,971 3 9 • £2,792,971 3 9 Statement of Profit and Loss Account for the Year ended 31st March, 1917. De. £ s. d. Ck. £ s. d. To Management Expenses Aocount .. 3,114 8' 7 By Interest Aocount—gross profits .. 11,612 15 9 Losses on realization of securities, and doubtful securities written down .. 183 3 9 Balanoe—net profits for the year .. 8,315 3 5 £11,612 15 9 . £11,612 15 9 £ s. d. £ s. d. Loan charges written down .. .. 6,945 16 1 Net profits for the year ... .. 8,315 3 5 Valuation fees paid to Valuation Office on applications not proceeded witb on account of the war.. .. .. 25 10 0 Balanoe —net profits transferred to Reserve Fund .. .. .. 1,343 17 1 £8,315 3 5 £8,315 3 5